The Jewish National Fund (Keren Kayemet le'Israel, in short KaKaL or JNF) was founded in 1901 by the Zionist Federation as its tool for purchasing lands in the Ottoman's Empire territories. From their website:

The Fifth Zionist Congress in Basel, 1901 decides to establish Keren Kayemeth LeIsrael-Jewish National Fund KKL-JNF, as proposed by Professor Zvi (Hermann) Schapira, in order to purchase land in Eretz Israel for the Jewish People.

In 1961, KaKaL transferred its lands to governmental management (By Israel Lands Management) and concentrated in non-profitable land developement (foresting, parks, free camping sites and other resort activities etc.). Even though it officially belongs to the Zionist Federation, it should be considered as a governmental organization.